Industry: Semiconductor & Electronics | Publish Date: 16-Sep-2024 | No of Pages: 88 | No. of Tables: 152 | No. of Figures: 117 | Format: PDF | Report Code : SE1487
India Injection Molding Machine Market size was valued at USD 532.94 million in 2023, and is predicted to reach USD 888.15 million by 2030, with a CAGR of 7.2% from 2024 to 2030. An injection molding machine, also referred to as an injection molder, is a sophisticated industrial apparatus designed for the precise and controlled injection of molten plastic material into a mold cavity. It melts the plastic resin and forces it into a mold under high pressure. Injection molding machines are essential tools for producing various plastic parts and products across various sectors, including automotive, consumer goods, electronics, medical devices, and others.
India is witnessing a surge in adoption of injection molding machines, with various indicators pointing towards its accelerated growth. One of the key driving forces is the substantial investments being made by global market players in the Indian market. Global manufacturers are establishing their presence in India, setting up production facilities, and introducing advanced technologies. For example, in November 2022, Shibaura Machine India Pvt Ltd, the subsidiary of India’s Shibaura Machine, leading manufacturer of high-precision injection molding machine in the world, has announced its plans to invest in India, subsequently to expand its manufacturing capacity in the country.
Moreover, partnerships and collaboration strategies by various local and global players have also emerged as significant drivers in India's injection molding machines industry. For instance, in December 2022, SOLIZE India Technologies, a subsidiary of SOLIZE Corporation, announced a partnership with Toray Engineering D Solutions to supply 3D injection molding machines for the Indian market.
The government initiatives aimed at promoting the plastic industry in India have provided a significant boost to the injection molding machines market. The Ministry of Chemicals and Fertilizers has implemented industry-friendly policies, including deregulating the petrochemical sector and authorizing 100% foreign direct investment (FDI) under the automatic route. These measures have facilitated fresh investments for plastic products, thereby indirectly increasing the need for injection molding machines.
Emergence of alternative manufacturing technologies, such as 3D printing and additive manufacturing also restrains growth of the injection molding machines market. These innovative methods offer unique advantages that are drawing attention away from conventional injection molding. Industries that prioritize customization, rapid prototyping, and waste reduction are increasingly turning to 3D printing and additive manufacturing.
This diversion of demand impacts the injection molding machines market, particularly in sectors where these alternatives better suit the production requirements. As a result, injection molding machine manufacturers face the challenge of adapting to changing market dynamics and finding ways to remain competitive, as manufacturing technologies continue to evolve.
The rise in demand for customization and personalized products is expected to create ample growth opportunities for the market in the future. This trend is becoming evident across various industries, ranging from consumer goods to electronics. Injection molding machines are at the forefront of catering to this trend.
Machines that possess the ability to quickly switch between different molds and efficiently produce small batches play a pivotal role in enabling manufacturers to respond to this demand for customization. These machines empower manufacturers to produce items that are tailor-made to suit specific requirements and preferences. Whether it's creating custom-designed consumer goods or producing electronics with unique features, injection molding machines equipped for such versatility are crucial for fulfilling consumers’ demand.
The India injection molding machine industry includes several market players such as Hillenbrand, Inc., Sumitomo Heavy Industries, The Japan Steel Works, NISSEI, Ube Industries, Ltd., ENGEL, ARBURG, Haitian International, Husky Injection Molding Systems, and KraussMaffei Group.
Plastic
Thermoplastics
Thermosets
Rubber
Metal
Powder
Liquid
Ceramic
Others
Hydraulic
All-electric
Hybrid
Below 200 Tons
200–500 Tons
Above 500 Tons
New Sales
Aftersales
Automotive
Interior
Trim
Exterior
Others
Packaging
Caps and Closures
Thin-wall Containers
Lids
Personal Care
Containers
PET Preforms
Others
Electronics
Healthcare
Consumer Goods
Toy Making
Building and Construction
Flooring
Windows
Doors
Others
Home Appliances
Others
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 532.94 Million |
Revenue Forecast in 2030 |
USD 888.15 Million |
Growth Rate |
CAGR of 7.2% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Million (USD) |
Growth Factors |
|
Companies Profiled |
10 |
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
Milacron, LLC
Windsor Machines Limited
Haitian Huayuan Machinery(India) Pvt Ltd
Log Machine
Shibaura Machine India Private Limited
Electronica Plastic Machines Ltd
ENGEL Machinery India Private Limited
KraussMaffei
Negri Bossi (India) Private Ltd
Rajendra Plastic Industries